Tax by Industry: Banking and Securities
Banks and securities firms face a delicate balancing act in the current environment: complying with new and future requirements of the Dodd-Frank Act, Basel III, and other financial services regulations; taking advantage of continuing industry consolidation; and attracting profitable new commercial and retail customers.
Most decisions in these areas have tax consequences - some immediate, others longer term. Regardless, your tax department's resources need to be robust enough to meet ever-growing tax compliance and reporting requirements while having enough “bandwidth” for tax planning. At a time when most financial institutions are still very lean, achieving both objectives can be a challenge.
Deloitte Tax LLP can help. With a strong team of banking and securities sector specialists, supplemented with other tax-technical, technology, and process improvement professionals, we can help you enhance tax operations for greater efficiency and speed while exploring tax planning opportunities along the way. Learn more from the PDF attached at the bottom of this page.